Global Market​​

Tencent Executes Largest Share Buyback Since 2006 Amid US Blacklist Concerns

Tencent Executes Largest Share Buyback Since 2006 Amid US Blacklist Concerns

/ Global Market​​ /

Tencent Holdings Ltd., China’s most valuable technology firm, conducted its biggest share repurchase in almost two decades following a sharp stock decline. The selloff occurred after Tencent was added to a US blacklist for alleged ties to the Chinese military. On Tuesday alone, the company bought back 3.93 million Hong Kong-listed shares worth HK$1.5 billion […]

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India Poised to Surpass Japan in Nominal GDP Rankings by 2025

India Poised to Surpass Japan in Nominal GDP Rankings by 2025

/ Global Market​​ /

India is on track to overtake Japan in nominal Gross Domestic Product (GDP) rankings, driven by sustained economic growth and a stable currency, while Japan faces stagnation and a weakening yen. Key Predictions: Current Scenario: In 2023, India’s GDP stood at $3.55 trillion, while Japan’s was $4.22 trillion, according to World Bank data. The IMF

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US ETFs Witness Record $913 Billion Inflows in 2024, Setting New Wall Street Milestone

US ETFs Witness Record $913 Billion Inflows in 2024, Setting New Wall Street Milestone

/ Global Market​​ /

The exchange-traded fund (ETF) market has hit a historic milestone in 2024, with net inflows exceeding $913 billion as of November, marking the largest annual inflows ever recorded. The previous record of $910 billion, set in 2021, has now been surpassed with a month still left in the year, as per Bloomberg Intelligence data. This

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Bitcoin Nears $90,000 as Pro-Crypto Agenda Sparks Fresh Rally

Bitcoin Nears $90,000 as Pro-Crypto Agenda Sparks Fresh Rally

/ Global Market​​ /

Bitcoin prices surged close to $90,000 on Tuesday, reaching $89,599 as market sentiment turned highly optimistic following President-elect Donald Trump’s pro-crypto stance and his pledge to reshape the US cryptocurrency regulatory landscape. The rally gained momentum as Trump announced plans to position the US as a leader in cryptocurrency. His agenda includes setting up a

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Qualcomm Reportedly Eyeing Intel Acquisition Amidst Struggles at Intel

Qualcomm Reportedly Eyeing Intel Acquisition Amidst Struggles at Intel

/ Global Market​​ /

According to a report from The Wall Street Journal, Qualcomm is reportedly exploring a potential acquisition of Intel. Qualcomm, which recently made its foray into PC processors, has approached Intel about a takeover, though the deal is described as “far from certain” and would likely face significant regulatory challenges. Intel, once a dominant player in

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US Companies Shift Focus from China to India Amid Rising Tensions, Says Report

US Companies Shift Focus from China to India Amid Rising Tensions, Says Report

/ Global Market​​ /

A recent report by the American Chamber of Commerce in Shanghai highlights how growing US-China trade tensions and China’s slowing economy are pushing many companies to look for alternative markets like India and Southeast Asia. The 2024 China Business Survey, released on September 12, shows that 40% of companies are redirecting investments originally planned for

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Jackson Hole Economic Policy Symposium 2024

Jackson Hole Economic Policy Symposium 2024: Key Details on US Fed Chair Powell’s Speech

/ Global Market​​ /

The Jackson Hole Economic Policy Symposium 2024 is underway in Wyoming, attracting global financial leaders and central bankers to this highly anticipated event. Often referred to as the “Davos of central bankers,” this annual retreat serves as a critical platform for discussing economic policies that have far-reaching impacts on global markets. This year’s focus is

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Wall Street Closes Strong as Economic Fears Subside, Best Weekly Gains of 2024

Wall Street Closes Strong as Economic Fears Subside, Best Weekly Gains of 2024

/ Global Market​​ /

U.S. stocks climbed on Friday, giving back their strongest week of the year, as fears of a possible recession waned. The S&P 500 and Nasdaq registered a seventh day of consecutive gains, rebounding from losses two weeks ago when weak economic data and fear of a recession rattled investors. All three major indexes notched their

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Nvidia Delivers Latest AI Chips

Nvidia Delivers Latest AI Chips to Indian Partners for AI Cloud Infrastructure

/ Global Market​​ /

Nvidia, the leading AI chip manufacturer, has commenced the delivery of its newest AI chips, including the GH200 AI, to major Indian partners like Tata Communications and Jio Platforms. These companies are leveraging advanced technology to build AI-cloud infrastructure across India. Vishal Dhupar, Nvidia’s managing director for South Asia, confirmed the ongoing deployment, stating, “Yes,

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Asian Markets Dip as Tech Stocks Tumble in the US

/ Global Market​​ /

Asian stock markets experienced a downturn following a significant drop in US tech stocks, fueled by expectations of potential interest rate cuts due to slowing inflation in the US. The Japanese yen showed volatility amid speculations of market interventions. Key Point:- •. Japan: Japanese shares dropped over 1% after a rally in the yen on

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